V2X, Inc. (NYSE:VVX) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of V2X, Inc. (NYSE:VVX) have earned an average recommendation of “Moderate Buy” from the nine analysts that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, two have given a hold rating, five have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $65.38.

A number of equities analysts recently issued reports on VVX shares. JMP Securities reiterated a “market outperform” rating and issued a $80.00 price target on shares of V2X in a research note on Friday, January 17th. Citigroup assumed coverage on shares of V2X in a research report on Tuesday, January 21st. They set a “buy” rating and a $64.00 price target for the company. BTIG Research assumed coverage on shares of V2X in a report on Monday, November 25th. They issued a “buy” rating and a $80.00 target price for the company. Royal Bank of Canada reduced their target price on shares of V2X from $58.00 to $54.00 and set a “sector perform” rating for the company in a report on Tuesday, February 25th. Finally, The Goldman Sachs Group started coverage on shares of V2X in a report on Thursday, December 12th. They set a “sell” rating and a $54.00 price objective for the company.

V2X Stock Performance

NYSE:VVX opened at $49.14 on Tuesday. The stock has a market cap of $1.55 billion, a P/E ratio of 175.51, a price-to-earnings-growth ratio of 0.61 and a beta of 0.61. The firm’s fifty day simple moving average is $48.72 and its 200 day simple moving average is $54.16. V2X has a twelve month low of $41.08 and a twelve month high of $69.75. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.09.

Institutional Investors Weigh In On V2X

Hedge funds have recently modified their holdings of the business. FMR LLC boosted its holdings in V2X by 23.8% during the 4th quarter. FMR LLC now owns 3,712,196 shares of the company’s stock valued at $177,554,000 after acquiring an additional 714,722 shares during the period. Simcoe Capital Management LLC lifted its stake in V2X by 252.8% during the fourth quarter. Simcoe Capital Management LLC now owns 732,940 shares of the company’s stock worth $35,057,000 after purchasing an additional 525,204 shares during the last quarter. Victory Capital Management Inc. acquired a new position in V2X during the fourth quarter worth approximately $13,947,000. Zimmer Partners LP acquired a new position in V2X during the third quarter worth approximately $14,659,000. Finally, Assenagon Asset Management S.A. increased its position in V2X by 1,014.6% during the fourth quarter. Assenagon Asset Management S.A. now owns 231,592 shares of the company’s stock worth $11,077,000 after buying an additional 210,814 shares during the period. 95.18% of the stock is currently owned by institutional investors and hedge funds.

About V2X

V2X, Inc provides critical mission solutions and support services to defense clients worldwide. It offers a suite of integrated solutions across the operations and logistics, aerospace, training, and technology markets to national security, defense, civilian, and international clients. The company was incorporated in 2014 and is headquartered in Mclean, Virginia.